News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
FOREX Technical Analysis: USDOLLAR Closes Firm on Day at Resistance

FOREX Technical Analysis: USDOLLAR Closes Firm on Day at Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, FOREX Technical Analysis: USDOLLAR Closes Firm on Day at Resistance

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: “The USDOLLAR reversed right at channel resistance Friday. Price has already tested and held initial support from former resistance at 10065. Estimated resistance is now 10111.” The USDOLLAR closed firm on the day and right at mentioned resistance. Like the EURUSD, price is in limo at these levels. The first day of the month (and year) low at 9990 is the pivot for swing traders (above is bullish).

FOREX Trading Strategy: The first day of the month (and year) low at 9990 is the pivot for swing traders (above is bullish).

LEVELS: 9977 10013 10065 10157 10236 10313

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com.  Follow me on Twitter for real time updates @JamieSaettele

Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.

Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES